Each of the new office buildings in Pudong District reported average business revenues of more than 1.6 billion yuan (US million) last year, with taxes amounting to more than 50,000 yuan per capita, according to a survey of 105 new office buildings in Pudong District, the Jiefang Daily reported today.

　　To date, investments in the 105 office buildings have exceeded 120 billion yuan, 41 percent of total investments in Pudong District, statistics indicated.

　　Construction of 9.81 million square meters of office space has already been completed in the 28-square-kilometer Lujiazui Trade and Financial Zone, with an average lease rate of more than 80 percent.

　　Lease rates of some premium office buildings such as Jinmao Tower, Bank of China Tower and Shanghai Security Exchange Center exceeded more than 85 percent, according to statistics.

　　High occupancy rates bring high returns for property developers. The China Poly Group, developer of the Shanghai Security Exchange Center, paid up all loans and recovered its investment costs in less than five years and generated a profit of 30 million yuan a year.

　　The developer of the Jinmao Tower reports net profits of up to 50 million yuan every year, in addition to paying loans of 200 million yuan per year, and expects to recover its investment cost in 15 years.

　　Restaurant operators in the popular office buildings have maintained an annual growth rate in business tax of 83 percent on average in the last several years.